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Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coal exploration project in Longjiang region implemented last year has proven coal reserves of 29.889 million tons, coupled with the previously known 48.861 million tons, a total of 78.75 million tons of proven coal reserves in Wugang City, CBI BIZ reported.
Its potential value reached 23.625 billion yuan, which is available for 2 underground mining with an annual output of 300,000 tons for more than 70 years.
According to CBI BIZ, Wugang city has relatively abundant coal resources, however, due to the long mining history, coal proved reserves are in danger of production collapse. To ensure sustainable economic development, Wugang city actively looked for a new reserve and declared coal exploration projects to the provincial Ministry of land, finally won the national special financial support for mine exploration. Since 2008, the provincial bureau of geological prospecting team 418, conduct coal exploration in Longjiang and Dengjiapu.
After several years of hard work, has now proven 78.75 million tons of coal reserves in Wugang territory, layed the basis for Wugang sustained and steady development in coal industry, CBI BIZ says in report.
Source: CBI BIZ
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Thursday, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
Friday, 15 February 13
2ND ANNUAL INDONESIA MINING 2013 CONFERENCE
Bringing Indonesia's Mining Stakeholders Together Towards Improving Mining Investment Climate & Operations
Following the success of th ...
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- Directorate General of MIneral and Coal - Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
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